RingCentral, Inc. (NYSE:RNG) Given Average Rating of “Hold” by Brokerages

Shares of RingCentral, Inc. (NYSE:RNG) have been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $35.6250.

A number of research firms recently weighed in on RNG. UBS Group set a $38.00 price objective on shares of RingCentral in a research note on Friday, February 20th. Needham & Company LLC boosted their price target on shares of RingCentral from $36.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 13th. Weiss Ratings upgraded shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Mizuho lifted their price objective on shares of RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Oppenheimer reissued an “outperform” rating on shares of RingCentral in a research note on Friday, February 20th.

RingCentral Stock Performance

Shares of NYSE RNG opened at $37.24 on Friday. The stock has a 50 day moving average price of $33.16 and a 200 day moving average price of $30.28. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 77.58, a PEG ratio of 1.43 and a beta of 1.14. RingCentral has a 52-week low of $20.58 and a 52-week high of $42.42.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.The business had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. During the same period in the previous year, the company posted $0.98 EPS. RingCentral’s revenue was up 4.8% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Analysts forecast that RingCentral will post 1.29 earnings per share for the current year.

RingCentral Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, March 9th. RingCentral’s dividend payout ratio is 62.50%.

Insider Buying and Selling

In other RingCentral news, COO Kira Makagon sold 22,196 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $35.15, for a total transaction of $780,189.40. Following the completion of the sale, the chief operating officer directly owned 339,545 shares of the company’s stock, valued at approximately $11,935,006.75. This represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Tarun Arora sold 8,840 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $40.69, for a total transaction of $359,699.60. Following the completion of the sale, the chief accounting officer owned 75,492 shares in the company, valued at $3,071,769.48. This represents a 10.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 253,031 shares of company stock worth $9,035,345 in the last three months. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On RingCentral

Several institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in shares of RingCentral by 98.5% during the third quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock worth $26,000 after purchasing an additional 447 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in RingCentral by 269.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock worth $29,000 after buying an additional 738 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in RingCentral by 70.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock valued at $30,000 after buying an additional 424 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in RingCentral during the 3rd quarter valued at about $30,000. Finally, Jones Financial Companies Lllp raised its stake in RingCentral by 61.6% in the third quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock valued at $37,000 after buying an additional 464 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

About RingCentral

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.